Electric Bicycles

Electric bicycles (e-bikes) continue to be the highest selling electric vehicle on the planet, with nearly 35 million unit sales forecast for 2016. Improving lithium ion (Li-ion) battery technology is resulting in e-bikes that are lighter, lower in cost, and remarkably similar to traditional bicycles. Additionally, increasing urbanization and a desire to move away from cars for motorized transportation are opening up more opportunities for alternative mobility devices. E-bikes are positioned to be a primary benefactor of this trend since they are low in cost relative to cars, do not require licensing, and can take advantage of existing bicycling infrastructure.

The global e-bike market is well-positioned for continued growth, mainly in the Li-ion battery segment. Although sealed lead-acid (SLA) still constitutes a majority of e-bike batteries, the market is steadily shifting toward Li-ion batteries. Annual sales of e-bikes in the world’s largest market, China, are expected to decline due to market saturation and new bans on e-bike use in large areas of major cities. While China still leads the global e-bike market, Western Europe and, to a lesser extent, North America are beginning to increase their market share. According to Navigant Research, global e-bike sales are expected to grow from over $15.7 billion in revenue in 2016 to $24.4 billion by 2025.

This Navigant Research report analyzes the global market for throttle-control and pedal-assist e-bikes. The study provides a detailed analysis of the market opportunities, key drivers of growth, and technology trends associated with e-bikes. Global market forecasts for annual e-bike unit sales and revenue, segmented by region and battery chemistry, extend through 2025. Forecasts of traditional bicycle sales and estimates of e-bike market share of the total bicycle market by region are provided, as well. The report also examines government influence on the market for e-bikes and provides profiles of key e-bike manufacturers and suppliers.

Key Questions Addressed:

What are the key regional and technology trends shaping the e-bike market?

How will government regulations influence the global e-bike market?

What is the market share of electric bicycles (e-bikes) in the traditional bicycle market?

What are the average transaction prices for e-bikes by region?

How much revenue will be generated by e-bikes during the next 10 years?

Who are the key suppliers and manufacturers in the e-bike market?

How will the share of sealed lead-acid (SLA) and lithium ion (Li-ion) batteries change within the e-bike market?

Who needs this report?

Bicycle and component manufacturers

Electric bicycle (e-bike) retailers

Independent bicycle distributors

Electric motor manufacturers

Battery manufacturers

Automotive manufacturers

Government agencies and municipal planners

Investor community

Table of Contents

1. Executive Summary

1.1 Market Overview

1.2 Regional Trends

1.3 Market Forecasts

2. Market Issues

2.1 Definition

2.2 Types of E-Bikes

2.2.1 Throttle-Control versus Pedal-Assist

2.3 State of the Market

2.3.1 Market Drivers

2.3.2 Market Barriers

2.4 Market Opportunities

2.4.1 E-Bikes as a Commuting or Mobility Device

2.4.2 E-Bikes for Recreation Markets

2.4.2.1 E-MTBs

2.4.2.2 Baby Boomer Market

2.4.3 Luxury E-Bikes

2.4.4 E-bike-sharing Programs

2.4.4.1 Denmark

2.4.4.2 Barcelona, Spain

2.4.4.3 United States

2.4.5 Delivery Fleets and Police Units

2.5 Technology Issues

2.5.1 Drivetrains

2.5.2 Motors

2.5.3 Batteries

3. Competitive Landscape

3.1 Key Players

3.1.1 Accell Group

3.1.2 Derby Cycle AG

3.1.3 Easy Motion

3.1.4 Jiangsu Xinri E-Vehicle Co. Ltd.

3.1.5 Panasonic

3.1.6 Pedego

3.1.7 Stromer

3.1.8 Yadea Technology Group Co. Ltd.

3.2 Industry Participants

3.2.1 BionX

3.2.2 Bosch

3.2.3 Electric Bike Technologies LLC

3.2.4 Giant Bicycles

3.2.5 GRACE

3.2.6 Haibike

3.2.7 Mahindra

3.2.8 OHM Cycles. Ltd.

3.2.9 Prodeco Technologies

3.2.10 Propella

3.2.11 Samsung SDI

3.2.12 Sondors

3.2.13 Superpedestrian

3.2.14 Trek

3.2.15 VanMoof

3.2.16 Vivax

3.2.17 Yamaha

4. Market Forecasts

4.1 Forecast Methodology and Assumptions

4.2 Global E-Bike Sales

4.2.1 North America and Latin America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East & Africa

4.3 E-Bike Market Share of Bicycle Market

4.4 E-Bike Sales by Battery Type

4.5 E-Bike Revenue

4.6 Conclusions and Recommendations

5. Acronym and Abbreviation List6. Table of Contents7. Table of Charts and Figures8. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

Annual E-Bike Sales, China and Rest of the World: 2016-2025

Percentage of E-Bike Sales with Li-Ion Batteries, World Markets: 2016-2025

Percentage of E-Bike Sales with SLA Batteries, World Markets: 2016-2025